Market News
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Stylam Industries shares jump 5%; HDFC Securities upgrades to 'Buy'
HDFC Securities has upgraded Stylam Industries to 'Buy' from 'Add' with a revised target price of ₹3,775 per share, based on 30x March 2028
BSE vs MCX: Which stock are you betting on? Jefferies, Morgan Stanley, others have their say
Amidst market volatility, Indian stock exchanges BSE and MCX have seen significant rallies, driven by increased trading activity. Both reported strong Q4 earnings. While Jefferies and ICICI Securities remain cautious on BSE, citing stagnant market share, brokerages like HDFC Securities and Morgan Stanley are more optimistic about MCX, highlighting its growth drivers in commodity trading.
Bajaj Elec in the red with ₹67.5-cr Q4 loss on weak margins, exceptional items; declares dividend
Board maintains ₹3/share dividend for FY26; seeks shareholder nod to raise up to ₹500 crore through securities. Shares of Bajaj Electricals closed 0.42% higher at ₹391.30 on the NSE on Friday, May 15 ahead of the result announcement.
Polycab Q4FY26 impresses Street; MOFSL, ICICI Securities raise targets
Polycab shares are in focus after strong Q4FY26 results. MOFSL and ICICI Securities have raised their share price targets, citing strong demand outlook, market share gains, and robust capex plans
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.